Bitnomial Inc., a U.S. derivatives exchange company, announced on November 4 that its subsidiary, Bitnomial Clearinghouse LLC, has become the first, and currently only, U.S.-registered derivatives clearing organization (DCO) to accept stablecoins as native margin collateral. The clearinghouse is launching support for Ripple USD (RLUSD) and expanding its digital asset margin program to include XRP.
This expansion follows Bitnomial’s introduction of crypto margin deposits in September 2025. RLUSD and XRP margin deposits are immediately available for institutional clients on Bitnomial Exchange.
Retail traders will gain access through Botanical, Bitnomial’s retail trading platform. The addition of RLUSD stablecoin allows traders to margin positions with a USD-pegged digital asset, providing capital efficiency while retaining the benefits of blockchain-native settlement.
Industry experts on the expansion
At the Ripple Swell conference in New York, Luke Hoersten, CEO of Bitnomial, stated, “Adding RLUSD and XRP as margin collateral represents a major evolution in how traders can deploy their digital assets. RLUSD brings stablecoin efficiency to our margin system, allowing traders to hold USD-equivalent positions on-chain while accessing our full suite of derivatives products. Combined with XRP support, this gives our clients unprecedented flexibility in how they manage capital across their trading strategies. This is a natural extension of our partnership with Ripple and our commitment to building the most capital-efficient derivatives infrastructure in the U.S. market.”
Michael Dunn, President of Bitnomial Exchange, LLC, added that the “addition of RLUSD and XRP further enhances the capital efficiency advantages available to traders on Bitnomial Exchange.” He described stablecoins as a reliable mechanism for both retail traders and institutions, offering USD stability with the speed and efficiency of blockchain settlement. With the expanded collateral options, traders can now leverage stablecoin holdings and XRP positions to access the full range of CFTC-regulated crypto derivatives, reducing friction when moving between different asset types.
Jack McDonald, SVP Stablecoins at Ripple, commented on the announcement, saying, “With today’s announcement adding native support for RLUSD and XRP as margin collateral, Bitnomial cements its position as one of the most forward-thinking derivatives exchanges in the U.S. Stablecoins are moving from primarily speculative use cases to real world applications, with RLUSD, as a trusted tier-1 USD-backed stablecoin, leading the pack.”
Bitnomial’s vision and aim
Bitnomial has consistently developed capital-efficient market infrastructure, having been the first to launch regulated perpetual futures in the U.S., the first to accept digital assets as margin collateral, and now the first to accept stablecoins as margin collateral.Â
The combination of RLUSD stablecoin margin, XRP support, and Bitnomial’s existing Bitcoin and Ether margin deposits creates a comprehensive digital asset margin system on a U.S.-regulated exchange.
This initiative is expected to benefit crypto-native funds, institutional traders, and market makers, allowing them to deploy digital asset portfolios more efficiently while maintaining full regulatory compliance.
All Bitnomial futures and options contracts are offered by, and subject to the rules of, Bitnomial Exchange, LLC, and cleared through Bitnomial Clearinghouse, LLC. RLUSD and XRP margin collateral acceptance is subject to all applicable regulatory approvals.
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